Letter from the Founders

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About DC Group

Corporate Strategy

Letter from the Founders

As we are shifting from the Knowledge Society towards the Creativity Society there is a great demand for innovation and business globalization. In these challenging times, companies need to be agile and transform their business strategies accordingly in order to match the demand for new products and services.

February 18, 2010

Foreseeing the global economic downturn and the shifting towards innovative products and services, Data Concept has extended its business software portfolio from knowledge based systems to expert solutions that enhance environmental issues, security and eco-friendliness. Our quest for new IT solutions and our internationalized business strategy along with disciplined management and customer retention were the primary factors of our success over the last years.

With an R&D percentage, approximately 20% of our revenues we have invested, over the last 5 years, in the development of our flagship software platform “.Trak™” and the construction of several broadband networks. This infrastructure will serve as the basis of new products integration and will increase our profit by accelerating our solutions development.

Adapting to the changing needs in areas such as energy management, environmental control and digital infotainment and transforming our company’s profile from an IT project contractor to an IT solutions provider is something that we are working on and we will be working the upcoming years.

All these efforts are paying off as we are constantly increasing our revenues and sales by extending our market share in Cyprus and Bulgaria. Founding of Media Concept and Ermis Concept was also an important leap ahead in order to expand in the areas of Web Communication, Digital Signage and eCommerce, all supplementary; to Data Concept's key products and services.

Positioning Data Concept for the future we also upgraded our management organization. We did that by putting into operation cost control mechanisms, ISO systems and International Financial Reporting Standards (IFRSs).

Data Concept is properly aligned to capture growth opportunities in ebusiness solutions and to play a significant role in the Public Private Partnership IT projects of the future.

We will continue to invest in our people, assets and innovations that differentiate Data Concept in the market and empower our position for the future, as a leading European IT Solutions Provider, bearing in mind that “be a person first and a business owner secondly” is our most important belief.